TEXAS TECH UNIVERSITY
SUMMARY OPERATING BUDGET
FISCAL YEAR 2010
This page intentionally blank.
TEXAS TECH UNIVERSITY
FY 2010 SUMMARY OPERATING BUDGET
TABLE OF CONTENTS
ITEM
PAGE
NUMBER
EDUCATIONAL AND GENERAL FUNDS
SOURCE OF FUNDS CHART
INCOME BUDGET
EXPENSE BUDGET
1
2
4
SPECIAL ITEMS
SPECIAL ITEMS
6
HIGHER EDUCATION FUNDING ALLOCATION
HEAF
8
DESIGNATED FUNDS
INCOME BUDGET
EXPENSE BUDGET
10
11
AUXILIARY FUNDS
INCOME BUDGET
EXPENSE BUDGET
13
14
CURRENT RESTRICTED FUNDS
INCOME AND EXPENSE BUDGETS
16
SUMMARY OPERATING BUDGET
SOURCE OF FUNDS CHART
SUMMARY OPERATING BUDGET
FUND DEFINITIONS
17
18
20
TEXAS TECH UNIVERSITY
FY 2010
EDUCATIONAL AND GENERAL BUDGET
SOURCE OF FUNDS
HEAF
12.8%
Tuition & Fees
22.2%
Local Income
1.1%
Page 1
Appropriated
63.9%
TEXAS TECH UNIVERSITY
COMPARISON OF EDUCATIONAL AND GENERAL FUNDS
INCOME BUDGET
ITEM
FY 2009
TUITION AND FEES
GROSS TUITION
GRADUATE TUITION
LAW TUITION
TUITION SET ASIDES
REMISSIONS AND EXEMPTIONS
TOTAL TUITION
FY 2010
$53,144,000
4,146,000
2,891,000
(72,000)
(11,450,000)
$48,659,000
$53,144,000
4,146,000
2,891,000
(72,000)
(11,450,000)
$48,659,000
LABORATORY FEE
ORGANIZED ACTIVITIES
TOTAL FEES
$875,000
482,200
$1,357,200
$475,000
482,200
$957,200
TOTAL TUITION AND FEES
$50,016,200
$49,616,200
OTHER EDUCATIONAL & GENERAL INCOME
INTEREST EARNINGS
SPECIAL MINERAL FUND
MISCELLANEOUS
TOTAL OTHER EDUCATIONAL & GENERAL INCOME
$1,750,000
67,000
90,000
$1,907,000
$750,000
70,176
90,000
$910,176
STATE APPROPRIATIONS
GENERAL REVENUE
ARTICLE XII SPECIAL PROVISIONS ARRA SEC. 25
HIGHER EDUCATION FUND
TOTAL STATE APPROPRIATIONS
TOTAL CURRENT FUNDS REVENUES
$137,462,321
26,829,477
$164,291,798
$216,214,998
UTILIZATION OF FUND BALANCE
TRANSFER FROM INSTITUTIONAL TUITION - DESIGNATED
TOTAL CURRENT FUNDS REVENUES-BELOW THE LINE
2
$140,881,792
2,000,000 2
28,681,016
$171,562,808
$222,089,184
1,053,569
2,489,945
$217,268,567
PERCENT CHANGE
1
1
$224,579,129
3.4%
Includes $2,600,000 identified in Sec. 54. - Special Item Appropriation
$4,000,000 allocated American Recovery Reinvestment Act. $2,000,000 budgeted for FY 10
Page 2
This page intentionally blank.
Page 3
TEXAS TECH UNIVERSITY
COMPARISON OF EDUCATIONAL AND GENERAL FUNDS
EXPENSE BUDGET
ITEM
FY 2009
FY 2010
TPEG
$5,470,000
$5,470,000
TEXAS TECH UNIVERSITY SYSTEM
2,514,201
1,755,618
10,783,344
11,523,480
STUDENT SERVICES
1,215,592
1,235,790
STAFF BENEFITS
9,746,436
10,507,255
FACULTY SALARIES
91,303,810
93,407,316
DEPARTMENTAL OPERATING EXPENSE
12,610,980
12,769,101
INSTRUCTIONAL ADMINISTRATION
7,753,891
7,978,837
ACADEMIC OPERATIONS SUPPORT
10,956,961
9,705,561
INSTITUTIONAL SUPPORT
LAB FEES
475,000
LIBRARY
6,362,971
3,552,422
RESEARCH DEVELOPMENT FUND
5,479,373
4,868,296
PHYSICAL PLANT
9,742,955
9,213,185
OTHER
3,977,068
13,720,746
SPECIAL ITEMS - EXISTING
11,845,270
13,905,408
DEBT SERVICE
16,897,797
14,097,788
GRADUATE TUITION
4,633,286
4,884,734
NEW CONSTRUCTION
1,000,000
1,000,000
MAJOR REPAIRS AND REHABILITATION
2,600,000
2,600,000
SCHOLARSHIPS
2,374,632
1,903,066
TOTAL
$217,268,567
PERCENT CHANGE
$224,579,129
3.4%
Page 4
This page intentionally blank.
Page 5
TEXAS TECH UNIVERSITY
COMPARISON OF EDUCATIONAL AND GENERAL FUNDS
SPECIAL ITEMS BUDGET
FY 2009
FY 2010
LIBRARY ARCHIVAL SUPPORT
$744,772
$749,132
AGRICULTURAL RESEARCH
2,349,143
2,283,884
ENGINEERING RESEARCH
1,098,262
967,789
333,305
2,333,305
2,672,966
2,965,865
438,674
362,592
SMALL BUSINESS
1,159,017
1,227,706
MUSEUMS AND CENTERS
2,168,776
2,137,634
FINANCIAL RESPONSIBILITY
240,001
240,001
HILL COUNTRY EDUCATIONAL NETWORK
640,354
637,500
ITEM
EMERGING TECHNOLOGIES
COMPETITIVE KNOWLEDGE FUND
JUNCTION
TOTAL
$11,845,270
PERCENT CHANGE
1
1
$13,905,408
17.4%
$4,000,000 allocated American Recovery Reinvestment Act. $2,000,000 budgeted for FY 10
Page 6
This page intentionally blank.
Page 7
TEXAS TECH UNIVERSITY
HIGHER EDUCATION ASSISTANCE FUNDS
CAPITAL FINANCING PLAN
FY 2009
FY 2010
PROJECTS
1
MAJOR PROJECTS
MINOR AND INTERMEDIATE
DEFERRED MAINTENANCE
DEBT SERVICE
$1,000,000
500,000
2,100,000
6,214,119
$1,000,000
500,000
2,100,000
3,414,110
TOTAL PROJECTS
$9,814,119
$7,014,110
LIBRARIES
LIBRARY
SOUTHWEST COLLECTION
LAW LIBRARY
$4,718,731
31,966
1,069,793
$1,838,732
33,564
1,123,282
TOTAL LIBRARIES
$5,820,490
$2,995,578
$150,000
1,550,000
450,000
650,000
3,500,000
1,650,000
$150,000
950,000
450,000
650,000
3,300,000
1,650,000
TOTAL EQUIPMENT
$7,950,000
$7,150,000
EMERGENCY RESERVE
2
STRATEGIC INITIATIVE
UNBUDGETED PRIORITIES
$2,000,000
1,000,000
244,868
$2,000,000
9,144,083
377,245
$3,244,868
$11,521,328
$26,829,477
$28,681,016
EQUIPMENT
ADMINISTRATIVE UNITS
PHYSICAL PLANT
SYSTEM
TTU
ACADEMICS
RESEARCH
TOTAL
1
2
Estimation of annual cost of asbestos removal project (3.85 million).
FY 2010 includes $617,179 adjustment made July of 2009 per HB51.
FY 2011-2015 HEAF allocation is set at $23,936,088 per year.
Page 8
This page intentionally blank.
Page 9
TEXAS TECH UNIVERSITY
COMPARISON OF DESIGNATED FUNDS
INCOME BUDGET
FY 2009
ITEM
FY 2010
TUITION & FEES:
DESIGNATED TUITION & DEREGULATED INCREASE
$62,650,000
$73,078,000
693,974
1,115,880
5,036,947
6,562,029
1,400,000
5,846,077
4,800,000
15,150,000
10,000,000
6,106,447
6,669,810
4,178,197
3,786,500
5,806,603
5,470,000
2,394,153
1,400,000
7,549,867
3,200,000
16,555,000
12,695,000
8,133,446
6,669,810
4,278,197
3,990,750
4,836,925
5,470,000
2,394,153
STUDENT SERVICE FEES
7,798,702
8,933,366
CORRESPONDENCE & EXTENSION FEES
7,009,935
6,600,103
$154 797 345
$154,797,345
$173 462 526
$173,462,526
DESIGNATED TUITION - LAW DEREGULATED INCREASE
DESIGNATED TUITION - NEED BASE FINANCIAL AID
OTHER GENERAL FEES:
CENTER FOR PROFESSIONAL DEVELOPMENT
COURSE FEES
ENERGY FEE
INFORMATION TECHNOLOGY FEE
LIBRARY USE FEE
OTHER STUDENT FEES
STUDENT BUSINESS SERVICE FEE
STUDENT HEALTH SERVICES
STUDENT RECREATION CENTER
SPECIAL INSTRUCTION FEES
TEXAS PUBLIC EDUCATION GRANT
TRANSPORTATION FEE
SUBTOTAL - TUITION & FEES
SALES & SERVICES OF EDUCATIONAL ACTIVITIES:
SALES & SERVICES
LESS: SALES TO OTHER DEPARTMENTS
SUBTOTAL - SALES & SERVICES
$64,496,179
(57,878,868)
$64,745,285
(61,808,447)
$6,617,311
$2,936,838
$1,170,708
2,265,233
4,648,191
6,000,000
$1,170,708
765,233
4,648,191
6,200,000
$14,084,132
$12,784,132
$175,498,788
$189,183,496
OTHER SOURCES:
INVESTMENT INCOME
INTEREST INCOME
OTHER MISCELLANEOUS INCOME
RECOVERY OF INDIRECT COSTS
SUB-TOTAL - OTHER SOURCES
TOTAL CURRENT DESIGNATED REVENUE
UTILIZATION OF FUND BALANCE
$
TOTAL DESIGNATED REVENUE
11,837,273
$187,336,061
PERCENT CHANGE
$
12,338,381
$201,521,877
7.57%
Page 10
TEXAS TECH UNIVERSITY
COMPARISON OF DESIGNATED FUNDS
EXPENSE BUDGET
ITEM
FY 2009
FY 2010
ACADEMIC SUPPORT
LIBRARY SUPPORT
COURSE FEES
SPECIAL INSTRUCTION FEES
INFORMATION TECHNOLOGY
TEXAS PUBLIC EDUCATION GRANT
OTHER ACADEMIC SUPPORT
SUBTOTAL ACADEMIC SUPPORT
DESIGNATED TUITION SUPPORT& DEREGULATED TUITION INCREASE
RETIREMENT OF INDEBTEDNESS
DEPARTMENTAL OPERATING EXPENSE
TEXAS TECH SYSTEM TRANSFER
PRESIDENT'S GROWTH INITIATIVES
PRESIDENT'S SCHOLARSHIP FUND
INTERCOLLEGIATE ATHLETICS
M&O AND UNALLOCATED EXPENSE
UTILITIES SYSTEMS MAINTENANCE
MANUFACTURED UTILITIES
PURCHASED UTILITIES
ACADEMIC ENHANCEMENT
FACULTY POSN, STUDENT SVCS, INSTRUCTIONAL EQPT
TRANSFER TO SERVICE UNITS FOR FRINGES
FRINGES
UNIVERSITY POLICE/TRAINING
A&F FINANCE SYSTEM
SCHOLARSHIPS AND AWARDS
TRANSFER TO EDUCATIONAL & GENERAL ACCOUNTS
OTHER INSTITUTIONAL TUITION TRANSFERS
SUBTOTAL
NEED BASE FINANCIAL AID
SUBTOTAL INSTITUTIONAL TUITION SUPPORT
ALL OTHER INSTITUTIONAL SUPPORT
$
$13,500,000
5,887,694
4,442,575
2,441,737
5,970,000
8,556,124
$12,734,886
7,211,486
3,342,943
2,547,081
5,470,000
14,309,189
$40,798,130
$45,615,585
2,139,000
12,259,406
2,829,798
0
4,714,000
2,500,000
455,005
1,600,000
8,100,000
6,100,000
1,451,111
10,101,950
426,637
380,000
772,222
345,386
300,000
10,385,812
$64,860,327
6,330,477
$71,190,804
2,139,000
13,171,666
1,898,689
3,650,000
6,714,000
2,500,000
2,265,000
1,600,000
6,428,980
6,422,046
2,000,000
8,200,000
341,310
280,000
772,222
200,000
141,903
2,489,945
10,385,812
$71,600,573
6,562,029
$78,162,602
$15,684,950
$16,476,205
$7,903,871
3,593,746
4,311,069
11,799,919
$8,008,271
3,106,244
4,045,579
11,714,606
$27,608,605
$26,874,700
1
STUDENT SERVICE SUPPORT
STUDENT SERVICE ACTIVITIES
STUDENT RECREATIONAL CENTER
STUDENT HEALTH CENTER
OTHER STUDENT SUPPORT ACTIVITIES
SUBTOTAL STUDENT SERVICE SUPPORT
Page 11
CORRESPONDENCE AND EXTENSION STUDIES
$9,571,734
$10,489,700
RECOVERY OF INDIRECT COSTS
$6,000,000
$6,200,000
$1,756,703
20,845,866
5,810,291
16,885,255
14,737,462
3,612,277
1,247,493
6,789,161
$1,756,703
19,968,173
6,369,471
19,463,213
14,737,462
2,550,277
1,247,493
6,789,161
$71,684,508
$72,881,953
$2,676,198
$2,700,000
$245,214,929
$259,400,745
INTERNAL SERVICES
DEPARTMENTAL POSTAGE
UTILITIES, BOTH PLANTS
COMMUNICATION SERVICES
INFORMATION TECHNOLOGY SERVICES
BUILDING/UTILITIES MAINTENANCE & MOTOR POOL
PRINTECH & BULK MAIL
CENTRAL WAREHOUSE - STORES
ALL OTHER INTERNAL SERVICES
SUBTOTAL INTERNAL SERVICES
EXTERNAL SERVICES
SUBTOTAL
LESS: SALES TO OTHER DEPARTMENTS
(57,878,868)
TOTAL
$187,336,061
PERCENT CHANGE
1
(57,878,868)
$201,521,877
7.57%
Deregulated Tuition is funding these items.
Page 12
TEXAS TECH UNIVERSITY
COMPARISON OF AUXILIARY FUNDS
INCOME BUDGET
FY 2009
ITEM
INTERCOLLEGIATE ATHLETICS
FY 2010
$45,241,790
$54,296,692
125,000
0
6,856,047
5,385,018
RESIDENCE HALLS
27,246,557
27,071,557
HOSPITALITY SERVICES
25,951,693
26,546,172
TRAFFIC & PARKING/GARAGE OPERATION
4,641,239
4,847,696
GOLF COURSE
2,100,000
282,484
UNIVERSITY BOOKSTORE
STUDENT UNION
SUB-TOTAL
$112,162,326
$118,429,619
$3,410,697
$3,353,796
OTHER:
SALES AND SERVICE
INVESTMENT REVENUES
VARIOUS
SUB-TOTAL
TOTAL CURRENT AUXILIARY REVENUE
UTILIZATION OF FUND BALANCE
495,450
592,575
3,061,575
2,001,630
$6,967,722
$5,948,001
$119,130,048
$124,377,620
5,093,766
TOTAL AUXILIARY REVENUE
$124,223,814
PERCENT CHANGE
3,940,160
$128,317,780
3.30%
Page 13
TEXAS TECH UNIVERSITY
COMPARISON OF AUXILIARY FUNDS
EXPENSE BUDGET
FY 2009
FY 2010
$45,241,790
$54,296,692
125,000
0
7,137,705
5,385,018
RESIDENCE HALLS
29,736,557
28,071,557
HOSPITALITY SERVICES
27,576,693
29,046,172
TRAFFIC & PARKING/GARAGE OPERATION
4,804,583
5,249,089
GOLF COURSE
2,100,000
282,484
7,468,359
5,986,768
$124,190,687
$128,317,780
ITEM
INTERCOLLEGIATE ATHLETICS
UNIVERSITY BOOKSTORE
STUDENT UNION
OTHER:
VARIOUS
TOTAL
PERCENT CHANGE
3.32%
Page 14
This page intentionally blank.
Page 15
TEXAS TECH UNIVERSITY
COMPARISON OF CURRENT RESTRICTED FUNDS
INCOME AND EXPENSE BUDGETS
ITEM
FY 2009
FY 2010
SOURCES OF FUNDS
FEDERAL PROGRAMS
STATE PROGRAMS
PRIVATE
ALL OTHERS
TOTAL FUNDS FROM ALL SOURCES
$43,310,400
45,406,912
3,674,200
3,382,410
25,661,000
26,456,398
386,100
1,048,292
$73,031,700
76,294,012
$15,972,600
8,002,700
161,100
8,994,900
1,797,000
13,501,500
16,880,100
4,241,800
680,000
2,456,600
343,400
-
$14,083,749
9,162,206
94,410
8,074,082
2,576,003
14,947,172
17,548,401
4,638,192
211,954
1,165,493
2,028,570
947,464
816,316
$73,031,700
$76,294,012
DISTRIBUTION BY COLLEGE OR AREA:
ADMINISTRATIVE AND OTHER
AGRICULTURAL SCIENCES
ARCHITECTURE
ARTS AND SCIENCES
EDUCATION
ENGINEERING
FEDERAL FINANCIAL AID
HUMAN SCIENCES
MASS COMMUNICATIONS
MULTIDISPLINARY REASEARCH CENTER AND INSTITUTE
RAWLS COLLEGE OF BUSINESS
SCHOOL OF LAW
VISUAL AND PERFORMING ARTS
TOTAL DISTRIBUTION TO ALL COLLEGES AND AREAS
4.5%
PERCENT CHANGE
Page 16
TEXAS TECH UNIVERSITY
FY 2010
SUMMARY OPERATING BUDGET
SOURCE OF FUNDS
Educational and General
35.3% Total
Designated
30.4%
Designated
Fund Balances
1.7%
Appropriated
27.3%
Local
8.0%
Current
Restricted
12.1%
Auxiliary
20.4%
Page 17
TEXAS TECH UNIVERSITY
SUMMARY OPERATING BUDGET
FISCAL YEAR 2010
FUND
EDUCATIONAL & GENERAL
LESS TRANSFER FROM DESIGNATED
LESS TRANSFER TO DESIGNATED - TPEG
SOURCE OF FUNDS
ESTIMATED
OTHER
INCOME
SOURCES
ESTIMATED
EXPENSE
$222,089,184
$224,579,129
$2,489,945
($2,489,945)
(5,470,000)
AUXILIARY
124,377,620
CURRENT RESTRICTED
3,940,160
76,294,012
DESIGNATED
LESS TRANSFER TO EDUCATIONAL & GENERAL
LESS TRANSFER FROM EDUCATIONAL & GENERAL - TPEG
189,183,496
Page 18
76,294,012
12,338,381
201,521,877
(2,489,945)
(5,470,000)
$606,474,312
TOTAL
128,317,780
$16,278,541
$622,752,853
This page intentionally blank.
Page 19
TEXAS TECH UNIVERSITY
SUMMARY OPERATING BUDGET
FUND DEFINITIONS
EDUCATIONAL AND GENERAL FUNDS:
Funds comprised of tax (General Revenue) funds in the state treasury and funds
generated locally (Other E & G) by the University from students and other sources.
-Appropriated
General Revenue and Higher Education Assistance Funds from the
state treasury for administration, institutional expense, instruction and
departmental research, physical plant operation, and other items related
to instruction.
-Other Educational & General Funds
Funds generated locally by the University and reappropriated by the
state (e.g., tuition, fees, indirect cost, interest earnings, etc.) to be used
for administration, institutional expense, instruction and departmental
research, physical plant operation, and other items related to
instruction.
DESIGNATED FUNDS:
Unrestricted funds that are internally allocated for specific purposes (e.g. student
services fees, institutional tuition, information technology fees, library fees, etc.)
AUXILIARY FUNDS:
Funds used to provide services for students, faculty, and staff which generally charge
a fee directly related to the cost of the service provided (e.g. athletics, residence halls,
hospitality services, traffic & parking, etc.) No state funds can be used to support
auxiliary operations.
CURRENT RESTRICTED FUNDS:
Funds available for current purposes, the use of which is restricted by the
donor/grantor to be utilized as stipulated by the funding source (e.g. research grants,
scholarships, earnings from endowments, etc.)
Page 20